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Labor Market Disputes: A Comment on Albert Rees' “Fairness in Wage Distribution”

In: Labor Economics From A Free Market Perspective Employing the Unemployable

Author

Listed:
  • Walter Block

    (Economics Department, College of the Holy Cross, Worcester, MA 01610, USA)

Abstract

Albert Rees criticizes neo classical labor economics for paying too little attention to fairness and utility function interdependence. As a result, he claims, this theory cannot fully come to grips with wage determination as it actually exists in the real world. The present author takes issue with Rees, and attempts to defend traditional labor economics against his criticisms.

Suggested Citation

  • Walter Block, 2008. "Labor Market Disputes: A Comment on Albert Rees' “Fairness in Wage Distribution”," World Scientific Book Chapters, in: Labor Economics From A Free Market Perspective Employing the Unemployable, chapter 3, pages 25-38, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812790798_0003
    as

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